Question ID :
35862
jawaharlal jain
MY CLIENT IS A OWNER OF GRANITE CRUSHER PAYING TAXES UNDER COMPOSITION SCHEME. HE HAS PURCHASED CAPITAL GOODS IN THE COURSE OF INTER STATE TRADE AND COMMERCE. SEC. 15 OF KVAT ACT DEBARRES PURCHASE OF GOODS AND NOT CAPITAL GOODS. THE A.O.HAS CANCELLED COMPOSITION AND LEVIED TAX ON T.O. ON THE BASIS OF CLARIFICATION ISSUED BY CCT. WHETHER A.O.IS RIGHT?
Posted by
CA. JAIN JAWAHAR LAL
on
Nov 03, 2018
Filed Under
VAT/Sales Tax
Yes.
Posted by
CA. JHA SHANKAR KUMAR on
Aug 20, 2022